gotjustchilly

3 ms·

1. 1.▲
   by gotjustchilly 5y ago

   The author makes 2 arguments, one is correct, the other is wrong. 1) the infrastructure built for bitcoin wouldn't necessarily be weatherized, which was why much of it failed earlier this year. True. 2) Texas has a system to change mar
2. 2.▲
   by gotjustchilly 5y ago

   Merck's average net income over the past decade or so is ~15%. Ford's is ~2%. So true, Merck could lower prices across the board by ~15% and then they'd break even. But in that scenario investors would have less inclination t
3. 3.▲
   by gotjustchilly 5y ago

   1) The marginal cost to produce something is a fraction of the cost of bringing something to market. Here's an analogy from the car business: Merck buys the blueprints for an experimental vehicle that seems promising but may or may not